Alpine Income Property Trust (NYSE:PINE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$13.5m (up 17% from 3Q 2023).

• Funds from operations (FFO): US$6.69m (up 14% from 3Q 2023).

• FFO margin: 50% (down from 51% in 3Q 2023).

• FFO per share: US$0.5 (up from US$0.43 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alpine Income Property Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Alpine Income Property Trust (2 are a bit concerning!) that you need to take into consideration.

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